Deckers Outdoor (NYSE:DECK) Shares Gap Up After Strong Earnings

Deckers Outdoor Corporation (NYSE:DECK) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $99.90, but opened at $114.90. Deckers Outdoor shares last traded at $112.2220, with a volume of 1,653,332 shares trading hands.

The textile maker reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 42.13%. Deckers Outdoor’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business earned $3.00 EPS.

Key Headlines Impacting Deckers Outdoor

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Q3 beat and raised FY26 guidance — DECK reported EPS $3.33 vs. $2.77 expected and revenue $1.96B vs. $1.87B; management raised FY26 EPS and net sales guidance, which is the primary driver of the rally. DECK Stock Jumps on Q3 Earnings Beat & Raised FY26 Guidance
• Positive Sentiment: HOKA and UGG drove revenue strength — HOKA grew in the high-teens (~$629M) and UGG sales beat estimates, underpinning top-line momentum and margin resiliency. Deckers Outdoors raises annual sales and profit forecasts
• Positive Sentiment: Analysts raising targets / buy ratings — Several firms lifted price targets (examples include Stifel and Needham), signaling re‑pricing by the Street after the beat-and-raise. DECK price target raised at Stifel
• Positive Sentiment: Unusual options flow — Large call buying ahead of/around the release suggests active bullish positioning by traders (elevates intraday demand).
• Neutral Sentiment: Street may re-price but stay cautious — Coverage notes the beat is significant, but some analysts view the raise as measured given scale and reinvestment plans; multiple expansion may be gradual. DECK Q3 earnings report
• Neutral Sentiment: Mixed analyst stances — a few firms reaffirmed holds or gave conservative views prior to the print, so expect divergent post-earnings opinions. Jefferies reaffirms hold
• Negative Sentiment: Tariff headwinds remain material — Management quantified roughly $110M of tariff cost for FY26 and said Q4 could carry the full 20% burden; this caps margin upside until resolved. Deckers surprise blowout and tariff discussion
• Negative Sentiment: UGG shows signs of slowing — some commentary and transcripts flag a normalization in UGG demand versus prior outsized growth, which could moderate overall company growth going forward. Deckers: HOKA Is Still Sprinting Forward

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays reissued an “overweight” rating and issued a $143.00 price objective on shares of Deckers Outdoor in a report on Friday. Guggenheim initiated coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus target price of $125.20.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently bought and sold shares of DECK. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC grew its position in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares during the period. Focus Partners Wealth increased its holdings in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Deckers Outdoor by 18.1% in the second quarter. Signaturefd LLC now owns 2,294 shares of the textile maker’s stock valued at $236,000 after buying an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 19.2%

The business’s 50-day simple moving average is $100.19 and its two-hundred day simple moving average is $101.50. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 4.50 and a beta of 1.15.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.